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1st sequestered deadline. president obama and speaker john boehner both issued warnings today about the potential impact of $85 billion enforced across the board budget cuts. speaking in virginia president obama said the cuts would leave the defense department vulnerable. >> so these cuts are wrong. they're not smart. they're not fair. they're a self-inflicted wound that doesn't have to happen. >> we have moved the bill in the house twice. we should not have to move a third bill before the senate gets off their bleep and begins to do something. >> the strong words are apparently doing little to push either party toward a compromise. the president want it is budget cuts to come from combination of tax increases and spending cuts while republicans maintain the savings need to be made by spending cuts. >>> congress is split over a major airline merger. u.s. airways and american airlines need the government's permission to combine the companies. questioned today whether a merger would spike the price of your next airplane tick sxet if combining airlines would lead to job cuts in some ai
but stable condition tonight. the names are not being released. >>> the obama administration is warning five of the bay area's municipal airports could see their operations cut if congress does not reach a deal by next week's deadline. >> we are at an airport in concord where 275 aircrafts take off and land here every day. it is all of the people that work here that guide them in and out safely. >> reporter: there may be turbulence ahead for the people who rely on buchanan field for their lively hood. >> it will be a big impact if they shutdown the towers. >> reporter: and the airports in livermore, san carlos may have their control towers shutdown if a deal is not reached by the end of next week. >> we are beginning discussions with our unions to likely close more than 100 air traffic control towers at airports with fewer than 150,000 flight opraeugs per year. >> reporter: they provide fuel, parking and other services to the planes here. the president of that company says without a control tower, air traffic would go down, corporate jets make up 80% of his business. >> it is really dange
Search Results 0 to 1 of about 2